Allianz X invests in the digital future of fintech and insurtech
Allianz X, Allianz Group’s digital transformation arm, and other investors raised $21 million in funding for OpenGamma in early 2022. This latest investment adds to the company’s fintech portfolio, which includes leading investment in Stripe’s $600 million funding round to expand into Europe. In March 2021, Allianz X a $118 million funding round for insurtech Pie Insurance, increasing US commercial presence. The company also invested in heycar, a digital car sales company, with the aim of integrating Allianz car insurance into the heycar business model. In 2020, the International Data Corporation forecasted 10.4% growth to $1.3 trillion in spending on digital transformation technology. Allianz will be positioned to take advantage of the global economic shift to digital and online services.
COVID|Balance Sheet|Labor|Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.